American farmers are supposed to make a living raising and marketing crops and livestock, and many full-time farmers are very good at doing just that. They are also effective at obtaining income through the generosity of their elected representatives at the expense of taxpayers. The main farm subsidy programs were introduced in the 1930s when many dirt-poor Dust Bowl farmers were in dire straits, as, of course, were many Depression-decimated families in the cities. Since the end of World War II, however, farmers and their families have substantially improved their absolute and relative economic stations. The average farm family currently earns substantially more income than the average nonfarm family and is much wealthier. Moreover, debt-to-asset ratios are far lower among family farm businesses than family-owned mainstreet businesses-or, for that matter, most large corporations-and have been much lower for most of the last thirty years.
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Please join us for the third-annual Walter Berns Constitution Day Lecture as James Ceasar, Harry F. Byrd Professor of Politics at the University of Virginia, explores some of the Constitution’s most significant contributions to political theory, focusing on themes that have been largely unexamined in current scholarship.
We invite you to join us for this year’s international conference on housing risk — cosponsored by the Collateral Risk Network and AEI International Center on Housing Risk — which will focus on new mortgage and collateral risk measures and their applications.
Please join us as Speaker John Boehner (R-OH) delivers his five-point policy vision to reset America’s economy.
Please join us as a panel of distinguished experts explore the implications of the report and the consumer role in shaping the future of Medicare.